3 Social Security Moves to Make Before 2026

Core Viewpoint - Social Security benefits are set to increase by 2.8% in 2026 due to the cost-of-living adjustment (COLA), prompting individuals to take necessary steps to ensure timely and accurate benefit payments [1]. Group 1: Earnings Record - It is essential for individuals to check their earnings record with the Social Security Administration, as this record determines the calculation of monthly benefits [3][4]. - Errors in the earnings record can lead to permanent reductions in benefits, making it crucial to verify the accuracy of reported income [4][5]. - Individuals can access their earnings record through their my Social Security account and should file a Request for Correction if discrepancies are found [5]. Group 2: Payment Information - Verifying payment information is important to avoid delays in receiving benefits, and this can also be done through the my Social Security account [6][8]. - Individuals should ensure that their address and banking information are updated, especially after moving or changing banks [8]. - It is advisable to consider tax implications on benefits and decide if withholding from checks is necessary [7].